币界网报道：Background information: Ethereum (ETH) performed strongly in the second quarter, with a quarterly increase of nearly 40%, exceeding Bitcoin (BTC)'s 28.81%. Ethereum experienced a nearly 50% drop in the first quarter, and many holders have not yet fully recovered. Main events: - ETH market share rebounded from 6.95% on April 22 to nearly 10%. - The ETH/BTC ratio rebounded by more than 25% after hitting a five-year low in mid-April. - Since mid-May, the ETH/BTC ratio has gradually risen from highs, indicating that buyers are actively entering the market. - In June, BlackRock invested $750 million to buy Ethereum without selling, showing strong confidence. - The increase in large investor (whale) activities, and the number of whale addresses reached a two-year high, indicating that funds are being reconfigured. Potential impact: Ethereum shows a trend that is superior to Bitcoin in both technology and capital flow, and may continue to remain strong in the third quarter, giving long-term holders the expected returns.